By increasing the price of entry ticket to a fair in the ratio 13:16, the number of visitors to the fair has decreased in the ratio 11:9. In what ratio has the total collection increased or decreased?
Let cost of original ticket = Rs 13 and and number of visitors = 110
=> Original revenue = 13 $$\times$$ 110 = Rs 1430
After increase in cost of ticket
New cost of ticket = Rs 16 and number of visitors = 90
=> New Revenue = 16 $$\times$$ 90 = Rs 1440
Since, new revenue is greater than original revenue, thus total collection has increased.
$$\therefore$$ Increase of total collection ratio = $$\frac{1430}{1440}$$ = 143 : 144
Create a FREE account and get: